Bon Secours Richmond Health System has entered the health insurance game.
The system recently launched its Bon Secours Value Network, a self-insured program for small- and medium-sized businesses in central Virginia.
Self-funded plans are usually reserved for massive companies with hundreds of employees. Value Network makes such plans available to smaller companies with 10 to 100 employees.
Traditionally, small companies are limited in their insurance options to fully funded plans, which require them to pay a monthly premium whether or not employees actually use health care services.
